CREA compiles and analyzes numerous factors affecting the real estate market for the public, REALTORS® and governments.
With the accurate, up-to-date information that CREA provides:
- The public gets a snapshot of the Canadian housing market;
- REALTORS® can knowledgeably advise their clients; and
- Politicians and government policymakers can craft more effective legislation and regulations.
MLS® Home Price Index
With the MLS® Home Price Index (HPI), you can access data about the residential markets of participating real estate boards across Canada. There’s no better tool to determine price trends in the housing market.
Six founding partners jointly developed it: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Toronto and the Canadian Real Estate Association. In 2009, the partners contracted with Altus Group to develop the MLS® HPI, which subsequently launched in January 2012.
Each month at midpoint, CREA provides its members, as well as the general public, with resale data from the previous months to inform members and the public.
After each quarter, CREA revises its forecast for provincial and national sales activity and average home prices, taking into account new housing market data, as well as changes in the outlook for interest rates and the macroeconomy.
National Average Price Map
The Canadian Real Estate Association compiles the monthly statistics of existing homes and properties sold through the Multiple Listing Service®.
This map displays the latest statistics for major markets and provinces across Canada, based on the MLS® reports provided by real estate Boards.